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Nesgroup address: misc.consumers.house - Date & Time for the message: Fri, 20 May 2005 20:06:32 -0700
/ Author of the message: Ablang |
Title of the message: |
Cold feet on home purchase? Warm them before closing
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Text of the message: |
No turning back after closing on house Real Estate Adviser by Steve McLinden • Bankrate.com Dear Steve, Once you close on a home is there no turning back? Is there a grace period afterward that allows me to back out? -- Demetra Dear Demetra, After you've closed on your home certainly is not the right time to get cold feet. Once you've done your final walk-through, had the home inspected, accepted the seller's terms and closed the deal, then that's all she wrote. The sellers can simply cash your check and be on their merry way. Any doubts you had should have already been addressed and any defects in the property should have been addressed and resolved by then. Contrary to what you may have heard there is no grace period after this transaction. You may be thinking of a buyer's right of rescission, which applies to home equity loans and some refinancings with another lender. Such borrowers have a three-business-day |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.